<For translation purposes only>
March 22, 2011
For Immediate Release
REIT Issuer
Hankyu REIT, Inc. (Securities Code: 8977)
19-19 Chaya-machi, Kita-ku, Osaka
Shuichiro Takahashi, Executive Director
Asset Management Company
Hankyu REIT Asset Management, Inc.
Shuichiro Takahashi, President & Representative
Director
Contact:
Hideo Natsuaki
General Manager, Corporate Planning Dept.
Email: hankyureit-ir@hankyu-rt.jp

Notice Concerning Transactions with Interested Parties etc.

Hankyu REIT, Inc. (hereafter “Hankyu REIT”) hereby notifies that at Hankyu REIT Asset Management, Inc.
(hereafter “Hankyu REIT AM”), the asset management company that Hankyu REIT has selected to manage
its assets, has made a resolution at a Board of Directors meeting held today at Hankyu REIT AM, to conducttransactions with interested parties etc. as defined by the Investment Trust and Investment Corporation Law(hereafter “Investment Trust Law”).
1.

Overview of Business Transaction with Interested Parties etc.
An agreement on operation and management is scheduled to be concluded with interested
parties etc. as defined by the Investment Trust Law (Hankyu Corporation, Hankyu Hanshin Building
Management Co., Ltd., etc.) to realize smooth and appropriate integrated management (Note 1)of NU chayamachi owned by Hankyu REIT and NU chayamachi Plus (Note 2), a commercial
facility that will be newly opened on the east side of NU chayamachi, thereby improving
customer service aimed at boosting the value of both facilities, improving tenant satisfactionlevels, and improving sales and revenue.
The conclusion of this agreement has been deliberated and approved by the Investment
Management Committee, the Compliance Committee, and the Board of Directors of Hankyu
REIT AM in accordance with its rules on transactions involving conflicts of interest, Investment
Management Committee Regulations, and Compliance Committee Regulations, among others.
The scheduled date for the conclusion of this agreement is April 1, 2011.
Through this integration initiative, the size of operations will scale up with the combined number ofstores hosted in these two commercial facilities becoming about 100. In addition, we will strive to boost
attractiveness to customers through renewed recognition of “NU chayamachi” as well as businessefficiency.
The Chayamachi district is one of the few places in the Umeda area where one can enjoy both city
strolling and shopping at once, and it is known as a district for its street-level experience and for the1human scale of its town. When the Chayamachi East Area Class 1 Urban Redevelopment (complex
redevelopment including a tower building containing a high-rise condominium and NU chayamachi
Plus, a school building, and an office building.) is completed and its stores etc. begin operation, it isexpected to further enhance navigability when moving around from place to place.

(Note 1)

The integrated management would mainly entail the following:
Operation of merchants association; sales promotion activities; building maintenance(partial); facility naming and logo; information desks, signs and floor guides; salesmanagement; and other items that the signing parties may agree to in separate
agreements(Note 2)

NU chayamachi Plus is not owned by Hankyu REIT. Moreover, as of today, Hankyu
REIT has no plans to acquire this property.

2.

Overview of Interested Parties etc. (as of March 22, 2011)
Trade nameLocation of headquarters
Representative
CapitalMajor shareholder andshareholding ratio
Main business activitiesRelation to Hankyu REIT
or Hankyu REIT AM
Trade nameLocation of the HeadOffice
RepresentativeCapital
Major shareholder andshareholding ratio
Main business activities

Relation to Hankyu REIT
or Hankyu REIT AM

Hankyu Corporation
1-1, Sakae-cho, Ikeda-shi, Osaka
Kazuo Sumi, President and Representative Director
100 million yen
Hankyu Hanshin Holdings, Inc.

100%

Urban transportation business; real estate-related business; entertainment& communications business; distribution business
Hankyu Corporation, shareholder (100% holding) of Hankyu REIT AM, isan interested party as defined by the Investment Trust Law.
Hankyu Hanshin Building Management Co., Ltd.
1-16-1, Shibata, Kita-ku, Osaka
Isamu Ishizuka, President and Representative Director
50 million yenHankyu Corporation
50%Hanshin Electric Railway Co., Ltd.
50%
All activities related to building management
Hankyu Corporation, shareholder (100% holding) of Hankyu REIT AM andan interested party for the said company as defined by the Investment
Trust Law, is a shareholder (50% holding) of Hankyu Hanshin Building
Management Co., Ltd. and is an interested party as defined by theInvestment Trust Law.

•The Japanese original document was distributed to press clubs within the Tokyo Stock Exchange (Kabuto Club), Osaka
Securities Exchange, Ministry of Land, Infrastructure and Transport, and to the press club of the construction trade newspaperof the Ministry of Land, Infrastructure and Transport.

•Hankyu REIT website: http://www.hankyu-reit.jp/

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<Reference>
Overview of NU chayamachi and NU chayamachi Plus

Number of stores
Number of floors
Opening date

NU chayamachi
75 stores (Note 1)(59 merchandise stores, 16
restaurants)
1 underground level, 9 floors
October 20, 2005

NU chayamachi Plus23 stores(16 merchandise stores, 7restaurants)
3 floors
April 29, 2011 (scheduled)(Note 1) The number of stores of NU chayamachi is that in full occupancy. (This number may bedifferent from the total number of tenants disclosed in disclosure reports of operating results.)<Attached Materials>•

Reference Material 1

Perspective view of NU chayamachi and NU chayamachi Plus•

Reference Material 2

Map showing locations of NU chayamachi and NU chayamachi Plus

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Reference Material 1<Perspective view of NU chayamachi (left) and NU chayamachi Plus (right) >Reference Material 2<Map showing locations of NU chayamachi and NU chayamachi Plus>

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